Corporate governance

Webcasts

Schaffner confirms guidance despite special effects

Media Release

Schaffner confirms guidance despite special effects

Luterbach, 5 February 2018 – The effects of the fire on 30 December 2017 at a part of the Schaffner plant in Thailand will not have any operational impact on the current business development. Thanks to the excellent work of the local team of Schaffner Thailand, the delivery readiness towards customers could be continued at any time.

Schaffner remains on a growth path and the management confirms the guidance issued in December 2017 as part of the results reporting.

Following the implementation of the US Tax Cuts and Jobs Act on 1 January 2018, Schaffner will have to make a one-time adjustment on deferred tax assets in North America of approximately CHF 2.7 million, which is expected to be partially offset by other special effects.

Overall, Schaffner assumes that these special effects will result in a slightly lower net profit for the first half of 2017/18 than the comparable figure of the previous year.

Schaffner will publish the half-year results for 2017/18 on 9 May 2018.